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Spirit of 76
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This could be something to keep an eye on...

Electronic Control Security, Inc. Receives Contract from Lockheed Martin For $7.0M and First Task Order
Monday June 18, 12:07 pm ET
http://www.anti-terrorism.com/
http://biz.yahoo.com/prnews/070618/nym112.html?.v=88
CLIFTON, N.J., June 18 /PRNewswire-FirstCall/ -- Electronic Control Security, Inc. (OTC Bulletin Board: EKCS - News) "ECSI", a leading provider of electronic security system technologies and services to the government, military and private sectors, today announced it had received a subcontract award in the amount of $7 million for support services during fiscal '08. The company's status as a qualified DoD Small Business subcontractor fulfills the requirements of the Lockheed Martin Warrior Shield Team under the Anti- Terrorism Force Protection initiative for protecting US naval bases worldwide.



ECSI's award and first task order are a direct result of the company's unique core competency in the manufacture and support services for state of the art multi-environment land, sea and air technologies and intrusion detection systems. Task orders are expected to be issued on an on-going basis beginning July '07 and continuing through fiscal '08 and beyond.

"ECSI's award under the ATFP PIM-MAC program is another step forward in achieving our objectives," stated Arthur Barchenko, President and CEO. "We will be operating as a subcontractor to our winning team partners which gives us a significant portion of the award. At this point it is premature to quantify the expected size of the awards to ECSI over the full term but we anticipate further announcements as we receive additional contracts and task orders over the summer."

About Anti-Terrorism Force Protection PIM-MAC Program

The ATFP PIM-MAC Program is a critical element in improving the security posture at Navy shore installations worldwide. It includes Waterside Security Systems; Electronic Security Systems (ESS); Access Control; Command, Control, Communications and Intelligence; and more. The purpose of the program is the procurement, installation, and sustainment of Anti-Terrorism Force Protection Ashore Program equipment at naval installations worldwide. The total amount per year is not to exceed $100,000,000; and the cumulative total for all four contracts over the entire contract term is $500,000,000 (base period and four one-year options). Work will be performed at various locations worldwide. The term of the contract is not to exceed 60 months, with an expected completion date of March 2008 (March 2012 with options). Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured via the Naval Facilities Engineering Command e-solicitation website with 11 proposals received. The Naval Facilities Engineering Command, Southwest, Specialty Center Contracts Core, Port Hueneme, Calif., is the contracting activity.

About ECSI

ECSI is recognized as a global leader in perimeter security and an effective quality provider for both the Department of Defense and Homeland Security programs. The company designs, manufactures and markets physical electronic security systems for high-profile, high-threat environments. The employment of risk assessment and analysis allows ECSI to determine and address the security needs of government and commercial-industrial installations. The company has teaming agreements with major system integrators in both the United States and overseas to support the installation and after market. ECSI is located at 790 Bloomfield Avenue, Bldg. C-1, Clifton, NJ 07012. Tel: 973-574-8555; Fax: 973-574-8562. For more information on ECSI, please visit http://www.anti-terrorism.com.

ECSI Safe Harbor Statement

This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry, and that reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, changes in economic conditions generally and in our industry specifically, changes in security technology, legislative or regulatory changes that affect us, the availability of working capital, changes in costs and the availability of goods and services, the introduction of competing products, changes in our operating strategy or development plans, our ability to attract and retain qualified personnel, and changes in our acquisition and capital expenditure plans, and the risks and uncertainties discussed under the heading "RISK FACTORS" in Item 1 of our Annual Report on Form 10-KSB for the fiscal year ended June 30, 2006, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.

Posts: 62 | From: Nappa Valley | Registered: Jan 2007  |  IP: Logged | Report this post to a Moderator
   

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